| Singapore’s GIC made a complete exit from Hong Kong-listed Far East Horizon on the evening of April 13, netting HK$506.77m ($65m) in the process, with pricing driven by funds’ desire for a lucky number.
It wasn’t the first such stake sale by the Singapore government’s investment fund. Last July GIC, via Techlink Investment, raised HK$360m from a similar overnight block offering, according to Dealogic. That trade was led by sole bookrunner UBS..............................................Full Article: Source
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